Skip to main content
J M's Zoom Meeting
Unknown Speaker
00:00
00:45:16 George: Could you please elaborate on "close at 6 for a 3.80 loss?
Unknown Speaker
00:00
00:46:35 George: Thx! clear now.
Unknown Speaker
00:00
00:46:50 Maji: how far below market do you enter?
Unknown Speaker
00:00
01:03:02 George: How do you determine the strike price, expiration date, and the contract size of the hedge put in related to the original put spread?
Unknown Speaker
00:00
01:04:26 George: Thx!
Unknown Speaker
00:00
01:04:56 Dennis D.: If you get time, show what happens to Vega with just a 5-point "spike" in the VIX, a FAR more common experience, but which could blow through your Put strikes.
Unknown Speaker
00:00
01:05:45 cp: (1) How do you typically exit the trade? (2) Under what conditions would you allow the trade to go to expiration? (3) Do you exit the long put hedge on the day of the VIX spike?
Unknown Speaker
00:00
01:15:07 Maji: you are looking at 0.20 for hedge?
Unknown Speaker
00:00
01:16:08 cp: I missed the expiration date of the hedge - is it the same as the spread?
Unknown Speaker
00:00
01:19:29 Maji: can you answer Dennis's question above? if you have some time now...
Unknown Speaker
00:00
01:19:39 George: Please provide a web link to learn more and subscribe to the newsletter, any promotion for webinar attendees?
Unknown Speaker
00:00
01:21:55 Dennis D.: Maybe not "blow through strikes", but you could wake up to buying back spread for 10 instead of 6. Falls under "that's the risk you take", I guess. Thanks Jay!
Unknown Speaker
00:00
01:23:54 Maji: Do you sell the crash protection when the credit spread expires or just keep it as a lottery ticket?
Unknown Speaker
00:00
01:24:22 Maji: or does it act as hedge for the next trade till it expires?
Unknown Speaker
00:00
01:27:56 cp: Thank you Jay
Unknown Speaker
00:00
01:28:00 Maji: Thank you Jay
Unknown Speaker
00:00
01:28:04 George: Thx!